EBRD completes energy and water sector assistance project in Bulgaria

By bne IntelliNews May 2, 2021

The European Bank for Reconstruction and Development (EBRD) said it has completed a technical assistance project to strengthen Bulgaria’s Energy and Water Regulatory Commission (KEVR), improving its analytical and technical capacity.

The EBRD helped KEVR develop reports and recommendations for internal rules and practices that would implement the EU regulation on integrity and transparency on the energy trade market (REMIT).

This included the handling of electronic data, court acceptance for e-documents, investigations of potential REMIT violations, and coordination with other state authorities.

“The transition to a competitive market requires a strong and competent regulator able to monitor sector performance to ensure a level playing field for all market participants, while protecting consumer interests,” the EBRD said in the statement.

Related Articles

Black Friday sales of Romanian online retailer eMAG in Bulgaria rise 17% y/y to €28.6mn

The Black Friday sales of Romania-based online retailer eMAG in Bulgaria increased by 17% y/y to BGN55.9mn (€28.6mn), Investor.bg reported on November 22. Private consumption in Bulgaria has ... more

EBRD signs deal to acquire minority stake in Bulgarian insurer Euroins

The European Bank for Reconstruction and Development (EBRD) said on October 5 it has signed an agreement to acquire a minority stake in Bulgaria’s Euroins Insurance Group (EIG). “The EBRD is ... more

EIB lends Bulgaria’s Sofia municipality €60mn for sustainable mobility projects

The European Investment Bank (EIB) said on September 14 it is lending €60mn to Bulgaria’s Sofia municipality for projects for sustainable urban mobility. The loan should support Sofia’s goal ... more